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How To Sell Your Business | Ep 351
The Game w/ Alex Hormozi
What's Cool About That?
Solicitor: Let's say you buy a company for $25,000. You put in six million dollars and it turns out to be an 87 million dollar business. Solicitor: Now they get seven times that when they sell the business. He says this is how private equity works; companies are able to work on their returns by taking more risk because of higher investment costs. They're going to make five, ten, 11, 11, point five or something like that over 5-10 years. That would give them around 70 million dollars worth of profit per year. So what happens next? It gets even crazier than we first thought.
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